USD/CAD moved in sideways trading, retesting the resistance of 1.3362 while trading within a descending short-term price channel, with negative pressure from the 50-period SMA, coupled with negative signals from the RSI.
Therefore we reaffirm our negative outlook for the pair as long as it settles below the 1.3362 resistance, targeting the support of 1.3321.
Expected trend for today: Bearish